DSM to Increase Price Increase on All Products

29 July 2007

DSM Composite Resins is increasing the prices of all its unsaturated polyester resin and gelcoat products by 100 Euro/ton from September 1st, 2007.

Gertjan de Koning, Business Director DSM Composite Resins Europe, said that raw material prices will increase much more than expected in Q4 2007, to a large extent caused by the extreme tightness in supply from the main raw materials suppliers.

""As I stated previously, it is important our customers understand the gravity of the current situation"", continues de Koning, ""these market conditions are a continuing trend, reinforced by the fast growing composites industry, even outpacing our planned production capacity increases, leading to additional tightness in supply.""

DSM is advising customers to contact their account manager for further information.